USA Financial Formulas Takes $93,000 Position in Urban Edge Properties (NYSE:UE)

USA Financial Formulas purchased a new stake in Urban Edge Properties (NYSE:UE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,322 shares of the real estate investment trust’s stock, valued at approximately $93,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Urban Edge Properties by 25.9% during the third quarter. GAMMA Investing LLC now owns 2,740 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 563 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Urban Edge Properties by 2.1% in the third quarter. IFM Investors Pty Ltd now owns 28,231 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 584 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Urban Edge Properties by 7.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,978 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 822 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Urban Edge Properties by 36.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 1,221 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Urban Edge Properties by 11.1% in the 3rd quarter. M&T Bank Corp now owns 12,886 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 1,292 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, CFO Mark Langer sold 93,962 shares of Urban Edge Properties stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $23.57, for a total transaction of $2,214,684.34. Following the sale, the chief financial officer now directly owns 35,816 shares of the company’s stock, valued at $844,183.12. This trade represents a 72.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey S. Olson sold 240,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $22.45, for a total value of $5,388,000.00. Following the completion of the transaction, the chief executive officer now owns 1,931 shares of the company’s stock, valued at $43,350.95. The trade was a 99.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

Urban Edge Properties Stock Up 1.6 %

UE stock opened at $20.35 on Friday. Urban Edge Properties has a twelve month low of $15.81 and a twelve month high of $23.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $2.54 billion, a P/E ratio of 9.12 and a beta of 1.55. The firm has a 50 day simple moving average of $22.05 and a 200-day simple moving average of $21.12.

Urban Edge Properties (NYSE:UE) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $112.26 million during the quarter. Urban Edge Properties had a net margin of 59.23% and a return on equity of 20.89%. On average, equities research analysts predict that Urban Edge Properties will post 1.32 earnings per share for the current fiscal year.

Urban Edge Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Friday, December 13th. Urban Edge Properties’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lowered their price target on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.